$BTC
Reading the BTC heatmap (Aggregated, 24h, 03:08 UTC 08/11, price 75,836)
The levels below are my estimates based on the price axis and may be off by a few dozen points.
Below: a dense cluster around 75,110–75,330 (-0.7% to -1%), consisting of a wide orange band around 75,230–75,330 and a cream band around 75,110 at the right edge. Both extend to the right edge, so they haven’t been swept yet.
There are no other clusters below this one within the 70% threshold; the nearest round-number level is 74,000. Above: a cluster around 76,650–76,880 (+1.1% to +1.4%), with its strongest area (cream) around 76,660.
There are no other clusters above this one either. Price action: BTC has been moving in a very narrow range of 75,550–76,200 for nearly 24 hours and is now bouncing slightly to 75,836. The low around 75,550 hasn’t reached the lower cluster yet.
The lower cluster is closer, so the more likely scenario is a sweep of 75,110–75,330 first, followed by a bounce to 76,650–76,880. Limitation: the maximum intensity is only $20.6M, so liquidity is thin and the pull is weaker than in previous charts. Price is between the two clusters, so don’t enter at 75,836.
Reading the BTC heatmap (Aggregated, 24h, 03:08 UTC 08/11, price 75,836)
The levels below are my estimates based on the price axis and may be off by a few dozen points.
Below: a dense cluster around 75,110–75,330 (-0.7% to -1%), consisting of a wide orange band around 75,230–75,330 and a cream band around 75,110 at the right edge. Both extend to the right edge, so they haven’t been swept yet.
There are no other clusters below this one within the 70% threshold; the nearest round-number level is 74,000. Above: a cluster around 76,650–76,880 (+1.1% to +1.4%), with its strongest area (cream) around 76,660.
There are no other clusters above this one either. Price action: BTC has been moving in a very narrow range of 75,550–76,200 for nearly 24 hours and is now bouncing slightly to 75,836. The low around 75,550 hasn’t reached the lower cluster yet.
The lower cluster is closer, so the more likely scenario is a sweep of 75,110–75,330 first, followed by a bounce to 76,650–76,880. Limitation: the maximum intensity is only $20.6M, so liquidity is thin and the pull is weaker than in previous charts. Price is between the two clusters, so don’t enter at 75,836.
